Abdel Fattah Al-Sisi, president of Egypt, and Claudio Descalzi, Eni’s chief executive officer, met in Cairo to discuss Eni's activities in the country. Image from Eni. During the meeting…
Seadrill Ltd. entered into an agreement with Seadrill Operating LP, the 58%-owned subsidiary of Seadrill Partners LLC, pursuant to which Seadrill Operating will acquire all of the shares of Seadrill Polaris Ltd., the entity that owns and operates the drillship…
Seadrill Ltd. is selling the West Polaris ultra deepwater drillship to Seadrill Operating in a US$204 million cash deal. The West Polaris. From Seadrill. Seadrill Partners LLC owns 58% of its subsidiary Seadrill Operating…
The Subsea Co. launched a blowout preventer (BOP) fluid conditioning & monitoring system. This system is primarily designed to improve fluid quality by reducing microbial activity with exposure to ultraviolet light, removing suspended particles…
Petrotechnics has completed the implementation of its Proscient software platform on two UK offshore assets operated by Nexen Petroleum UK, a wholly owned subsidiary of China National Offshore Oil Corp. The platform will play a key role…
ExxonMobil began production at the Arkutun-Dagi field, off Russia. Image of the Arkutun-Dagi topside. Arkutun-Dagi is part of the multi-billion-dollar Sakhalin-1 project, which also…
Hyundai Heavy Industries (HHI) has received a letter of award (LOA) from Abu Ahabi Marine Operating Compnay for a US$1.94 billion order for the second package of the Nasr Full Field Development Project. Under the LOA, HHI would undertake engineering…
CAMAC Energy announced today that a long-term contract has been signed for the floating, production, storage, and offloading vessel (FPSO) Armada Perdana for continued use offshore Nigeria. The contract provides for an initial term of five years…
The Pakistani government has announced a new petroleum policy, attracting investment of about US$2.02 billion for oil and gas exploration in the country during the last three years. The policy projects incentives including: better gas price…
Chinese oil firm CNOOC says it is planning to invest RMB 105 billion (US$17.35 billion) to 120 billion ($19.82 billion) on projects during 2014. Nexen Inc, bought by CNOOC in early 2013, will account for about 19% of the spending. Overall…
China’s CNOOC announced that the Suizhong 36-1 Phase II adjustment project has commenced production. The Suizhong 36-1 oil field is located in the south region of Liaodong Bay in Bohai in an average water depth of approximately 30m. Four…
W&T Offshore Inc. is set to acquire a portion of Callon Petroleum Operating Co.'s Gulf of Mexico acreage, the company announced on October 18, 2013. W&T will take a 15% working interest in the Medusa field (deepwater Mississippi Canyon blocks 538 and 582)…
The International Association of Drilling Contractors (IADC) North Sea Chapter Safety Awards celebrated its member companies for safety performance in 2012. Northern Offshore and Ensco won in the jackups category while Noble Drilling and Stena Drilling were acknowledged for semisubmersibles…
Irish media have reported that Exxon Mobil was due to start exploration drilling offshore the country's coast this weekend.Eirik Raude (Image: Ocean Rig)The Irish Examiner said the $140m drilling programme was due to start today (Saturday) with daily rates at an estimated $1million…
CSA International and EGS Survey Group have formed a new Houston-based joint venture company, EGS Metocean Sound Sciences (MSS), to provide metocean and acoustic monitoring services, including consultancy and the collection of high-quality data to assist in engineering…
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